Warren Buffet, founder of Berkshire Hathaway, is one of the most successful investors today. His experience and wisdom are both something to emulate, and many of his quotes have inspired businesses and individuals in the past.
“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever”
And:
“Rule No. 1: never lose money; rule No. 2: never forget rule No. 1”
Are Buffet’s most famous quotes. Others, perhaps even more useful, include:
“You pay a high price for a cheery consensus.”
“The best thing that happens to us is when a great company gets into temporary trouble… We want to buy them when they’re on the operating table.”
“The most common cause of low prices is pessimism- sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism, but because we like the prices it produces.”
“The stock market is a no-called-strike game. You don’t have to swing at everything- you can wait for your pitch. The problem when you’re a money manager is that your fans keep yelling ‘Swing, you bum!’”
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